Fidelity International, a pension provider, has extended the special offer on its personal pension until April 30, 2008.
Investors who save into the Fidelity personal pension up to the April 30, 2008 will pay no set-up fee and no annual administration charge for the life of the plan.
The Fidelity personal pension, a streamlined version of the FundsNetwork SIPP provided by Standard Life, enables investors who like to make their own investment decisions without taking financial advice, to channel their retirement savings into a choice of more than 1,000 mutual funds from over 55 fund providers.
Gordon Hull, head of direct at Fidelity International, commented: We have had interest from thousands of investors since we launched our special offer seven weeks ago. From what we’ve seen, many investors are seeking to ‘upgrade’ their pensions by transferring existing personal pensions to the Fidelity personal pension which is one of the lowest cost pensions in the market.
So to accommodate demand, we have extended the offer period to give more investors the opportunity to take advantage of what is effectively a free pension wrapper for the life of the plan.